LSI Industries Inc. [NASDAQ:LYTS] will report earnings after markets close on Thursday, January 21st.
LYTS Earnings Forecast For The Current Quarter
LSI Industries Inc. [LYTS] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $76M and an earnings per share of $0.06 for Dec 2020. Looking further ahead, the company is expected to report revenue of $74M at an EPS of $0.06 for Mar 2021.
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LYTS Earnings Estimates For The Current Year
For the financial year, LSI Industries Inc. [NASDAQ:LYTS] is expected to bring in revenue of $292M. The returns are nearly $-13.56 million lower than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 0.25, higher than that of FY20 by $0.13. Estimates put this year’s earnings growth at 108.30%, and at an annual 25.00% over the next 5-year period. As for sales, forecasts are for a decrease of -4.40% in the current fiscal year and a further 23.70% over the following year.
LYTS Price Performance
On Wall Street, LSI Industries Inc. [NASDAQ:LYTS] finished Tuesday’s session up 1.95% at $8.89. The stock went up to $9.0504 at the same session while its lowest single day price was $8.50. In the last five days, it saw a rise of about 8.15%, LSI Industries Inc. shares gained by almost 3.86% since the beginning of the year. However, the share price has dropped to as low as -1.33% below its one year high. On 01/19/21, the company shares recorded $9.05, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $7.78. The company’s shares have inclined by 41.34% in the past year. The 50-day SMA achieved is $8.10 while the 200-day SMA is $6.78. Volume dropped to 0.15 million from 0.23 million in the previous session.
LSI Industries Inc. [LYTS] Valuation Measures
Notably, LSI Industries Inc. [LYTS] stock cannot be classified as a good candidate in the listing of underestimated low-priced Electronic Components companies to purchase soonest possible with the prevailing 12-month PE ratio of 33.42. The measure means the stock is exchanging at a premium as compared to the 26.18x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 0.80 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 1.42 which means LYTS serve an unattractive investment opportunity compared to its competitors.
LYTS Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 8.89 level, and in case of violation of this particular level, it will cause more drop to 8.58 level. On the upper level, 9.68 is still the key resistance. The stock may increase to the subsequent resistance at 9.36. The Relative Strength Index (RSI) pinned on the 14-day chart is 61.18, implying a neutral technical stance while the MACD stands at 0.25, meaning price will decrease in the next trading period. Percent R indicator moved to 12.63%, implying bullish price movement. Stochastic %K at 82.23% suggest selling the stock.
Is LSI Industries Inc. [NASDAQ:LYTS] a Good Buy Right Now?
It should be noted that LYTS technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 88% Buy in the last week and compares with 100% Buy in the past month. Data from LSI Industries Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 0.15 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.1 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 94720.0 shares.
What is the short interest in LSI Industries Inc.?
Short interest in the LSI Industries Inc. stock has plunged, decreasing by -0.12 million shares to total 0.54 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 0.42 million, data from Yahoo Finance shows. The increase of 22.59% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 2.09% of the overall float for the stock.
LSI Industries Inc.’s Biggest Shareholders: Who Owns LSI Industries Inc. [LYTS]?
Filings by Royce & Associates LP showed that the firm now holds a total of 2,169,267 shares or roughly 8.23% of the outstanding LYTS shares. This means their shares have reduced by -20,000 from the 2,169,267 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Kennedy Capital Management, Inc. updated stake is worth $17,395,307. Details in the latest 13F filings reveal that Dimensional Fund Advisors LP disposed off their -2.76% stake valued at $16,218,692 while BlackRock Fund Advisors added theirs at $15,922,602. During the last quarter, Dimensional Fund Advisors LP liquidated -53,731 of its shares in LSI Industries Inc. while BlackRock Fund Advisors bought 49,687 shares. The The Vanguard Group, Inc.’s holdings currently number 1,449,200 shares at $12883388.0. According to the firm’s last 13F report, Systematic Financial Management L shares in the company at filing stood at 1,370,650 shares, roughly $11,732,764.
What are analyst thoughts on LSI Industries Inc.?
Looking forward to the LSI Industries Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for LSI Industries Inc. stock at $8.00 within the next 12 months, which represents almost -11.13 per cent growth from its previous closing price of $8.89. The highest analysts’ target for LSI Industries Inc. stock projections is $9.00 and the lowest one is $7.00. Still, 2 analysts sharing their consensus rating for LYTS stock in 2021 agree that it is an Overweight.